VanEck Merk Gold ETF (NYSEARCA:OUNZ) is Accordant Advisory Group Inc’s 3rd Largest Position

Accordant Advisory Group Inc grew its stake in shares of VanEck Merk Gold ETF (NYSEARCA:OUNZ) by 22.2% during the first quarter, HoldingsChannel.com reports. The fund owned 275,798 shares of the company’s stock after buying an additional 50,081 shares during the quarter. VanEck Merk Gold ETF accounts for about 8.1% of Accordant Advisory Group Inc’s portfolio, making the stock its 3rd biggest position. Accordant Advisory Group Inc’s holdings in VanEck Merk Gold ETF were worth $8,313,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Cetera Investment Advisers grew its holdings in shares of VanEck Merk Gold ETF by 3.5% in the fourth quarter. Cetera Investment Advisers now owns 1,608,488 shares of the company’s stock worth $40,695,000 after acquiring an additional 54,445 shares during the period. Pitcairn Co. boosted its position in VanEck Merk Gold ETF by 3.8% in the fourth quarter. Pitcairn Co. now owns 1,542,559 shares of the company’s stock worth $39,027,000 after purchasing an additional 56,623 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of VanEck Merk Gold ETF by 8.0% during the 4th quarter. Van ECK Associates Corp now owns 870,694 shares of the company’s stock valued at $22,029,000 after purchasing an additional 64,556 shares during the period. Envestnet Asset Management Inc. increased its position in shares of VanEck Merk Gold ETF by 7.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 830,273 shares of the company’s stock valued at $21,006,000 after purchasing an additional 60,054 shares during the last quarter. Finally, Modern Wealth Management LLC increased its position in shares of VanEck Merk Gold ETF by 43.1% during the 4th quarter. Modern Wealth Management LLC now owns 641,226 shares of the company’s stock valued at $17,993,000 after purchasing an additional 193,156 shares during the last quarter.

VanEck Merk Gold ETF Trading Up 0.5%

OUNZ opened at $32.24 on Thursday. VanEck Merk Gold ETF has a 12-month low of $22.17 and a 12-month high of $33.23. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 6.97 and a beta of 0.11. The company’s 50 day moving average is $31.58 and its 200 day moving average is $28.62.

About VanEck Merk Gold ETF

The VanEck Merk Gold Trust (OUNZ) is an exchange-traded fund that is based on the LBMA Gold Price index. The fund tracks the gold spot price, less expenses, using gold bars and coins held in London vaults. Investors can redeem their shares for gold in increments of 1 troy oz. OUNZ was launched on May 16, 2014 and is managed by VanEck.